Category: Business
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GCAA workers embark on partial strike over land encroachment issues
Workers of the Ghana Civil Aviation Authority (GCAA) have threatened to extend their industrial action to affect international flights if encroachments on the company’s lands are not halted. For years, the workers have lamented the continuous encroachment of private developers on lands reserved for operations of the GCAA; a situation they believe affects the smooth…
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BoG to introduce new policies to boost financial sector confidence
The Bank of Ghana has announced that it is set to introduce new policies to ensure that the Banking and Special Deposit Taking Institutions sectors remain resilient, inclusive and supportive of Ghana’s economic growth trajectory. According to the BoG, this forms part of efforts to restore confidence in the country’s financial sector. It will be…
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educataGhana 2020 takes off from the 19th to 20th October
The second edition of Ghana’s International Education Exhibition and Idea Factory, educataGhana 2020, takes off from October 19-20, 2020 at the Movenpick Ambassador Hotel, Accra, and virtually. educataGhana 2020 is organised by the Delegation of German Industry and Commerce in Ghana (AHK Ghana), the Konrad Adenauer Stiftung (KAS), the Sparkassenstiftung für Internationale Kooperation, and Siemens…
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ACEP advocates for contract transparency in extractive sector
The Africa Centre for Energy Policy (ACEP) has charged regulators of Ghana’s mining industry to implement international best mining practices in the award of contracts to ensure accountability in the extractives sector. Stakeholders in the extractive sector have constantly complained about contract agreements awarded to companies and the ineffective monitoring of the agreements. ACEP has…
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NIC commences training of security personnel to boost insurance awareness
The National Insurance Commission (NIC) has commenced the training of some 250 National Service Personnel posted to the Urban Traffic Management Unit of the Motor Traffic and Transport Department (MTTD) of the Ghana Police Service. The training, which forms part of the Commission’s structured agenda to create insurance awareness in the country, is expected to…
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expressPay launches myQR Code platform for cashless payments
expressPay Ghana Limited, a wholly owned Ghanaian financial technology company has added a Quick Response (QR) Code called “myQR” to its array of cashless payment services. With the introduction of “myQR”, merchants now have an innovative way to ensure cashless transactions in times of heightened COVID-19 hygiene procedures. myQR is an interoperable self-service platform and…
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Over GHS7m paid to some investors of liquidated fund management firms- GCB Capital
Management of GCB Capital Limited has stated that about GHS 7.77 million has been credited to the accounts of some two hundred investors of the 20 defunct fund management companies that have been cleared by the court for their liquidation. This comes days after the official liquidator of the 53 defunct fund management companies, Jemima…
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Cash flow is important for IPPs – Cenpower Board Chair to Gov’t
Board Chairman of Cenpower Generation Company Limited, operators of the Kpone Independent Power Plant, says as government works around the clock to beat down the cost of power from Independent power producers (IPPs) the cash flow of companies also needs to be prioritized. In the past three weeks, government has agreed new power purchase agreements…
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SEC increases capital requirement for market operators to GHS2M
As part of efforts to sanitize and strengthen the capital market, the Securities and Exchange Commission, SEC, has set a new capital requirement for market operators in the Ghanaian Capital Market Industry. The new directive, which sees an increase for fund managers from GHS100,000 to GHS2 million, is in accordance with Section 209 of the…
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GIADEC inaugurates committees in 4 bauxite mining communities to ensure smooth operations
As part of efforts to ensure community buy-in and support for the activities of the Ghana Integrated Aluminium Development Corporation (GIADEC) in its operational areas, the governing Board and Management of GIADEC has set up and inaugurated 4 separate 19-member committees for the various communities where bauxite mining and refining will be taking place. They…